Lp2 Quiz Mt 4441 Business Review

Your quiz has been submitted successfully.Question 11 / 1 pointCurrent liabilities are defined as liabilities with a maturity of less than a year.A) TrueB) FalseQuestion 21 / 1 pointYou can construct a sources and uses statement for 2014 if you have a company's year-end balance sheets for 2014 and 2015.A) TrueB) FalseQuestion 30 / 1 pointWhen reporting financial performance for tax purposes, U.S. companies prefer to use accelerated depreciation methods over the straight-line method.A) TrueB) FalseQuestion 41 / 1 pointAll else equal, an increase in a company's asset turnover will decrease its ROE.A) TrueB) FalseQuestion 50 / 1 pointA company's return on assets will always equal or exceed its profit margin.A) TrueB) FalseQuestion 61 / 1 pointThe times-interest-earned ratio always equals or exceeds the times-burden-covered ratio.A) TrueB) FalseQuestion 70 / 1 pointReturn on assets can be calculated as profit margin times asset turnover.A) TrueB) FalseQuestion 81 / 1 pointWhich of the following is NOT a typical reason for differences between profits and cash flow?A) GoodwillB) Changes in accounts